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QUOTE (Dream Run @ Saturday 09/06/07 08:46pm)

http://www.sharescene.com/html/emoticons/biggrin.gif yes quite right(he's been on holidays http://www.sharescene.com/html/emoticons/wink.gif )

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Everyone here still holding or topping up?? I imagine a few stops got hit the last few days. 58c is bargain basement prices imo. Old highs should provide new support...
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In reply to: Jay on Thursday 14/06/07 09:51am

QUOTE
I imagine a few stops got hit the last few days.

 

Including mine.

I sold it to get into CVN at .195.

 

I just dont have time for stocks like this.

I'll get back on later when its going in the right direction.

 

Good to see at least my ESGs are doing well. That one is textbook.

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In reply to: nizar on Thursday 14/06/07 10:20am

i don't believe in stops, in things i like to hold long term. all the same good luck. i think we have seen the lows.

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In reply to: Jay on Thursday 14/06/07 10:23am

Longterm yeh if its going in the right direction.

But im not gonna hold dogs all the way to the delisting! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

Good luck to you and your approach.

 

Yeh probably you're right about the lows. Usually stocks hit my stops and then go the moon! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

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In reply to: nizar on Thursday 14/06/07 10:29am

yeah thats happens all the time lol. hence i dont use them. of course i wouldnt hold till delisting. the fundamentals change and so does my mind and i sell out when the time is right. certainly not during a silly little correction that has no legs. the long term trend is up on THX, i wouldnt worry about a short term blip.

 

traders dont make lots of money in the long run, they feed the medium - long termers.

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In reply to: Jay on Thursday 14/06/07 11:34am

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traders dont make lots of money in the long run, they feed the medium - long termers.

 

I think by and large that would be correct, the majority of traders come to the market thinking its easy and find out the opposite, although I do know a few very talented lads that have absolutely killed the pig day/swing trading.

My best returns have come from a buy and hold strategy, and at the same time getting in synch with my longer term holds, I have a trading parcel also to pick up grocery/beer money on the swings http://www.sharescene.com/html/emoticons/smile.gif

 

Cheers

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In reply to: Jay on Thursday 14/06/07 10:34am

Actual longterm trend followers, with average trade time 1year+, which use stops, actual do clean up the markets. From what Iv read, more than any type of trader:

 

Ever heard of:

*Ed Seykota

*John.W.Henry

*Bill Dunn

*Richard Dennis

*Jerry Parker

 

If you havent its probably a good idea to read: Trend Following - By Michael Covel.

 

These guys trade purely off charts, mechanical/systems trading, all they care about is the price action.

 

And i actually think the longterm trend with THX has been broken. The trendline from 30c-ish.

 

VRE the trendline was never broken.

And MPO - thats textbook and a half ! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

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In reply to: nizar on Thursday 14/06/07 10:52am

yes i have read plenty on trends etc. been investing/trading full time profitably for nearly 9 years now and have learnt alot along the way. were you trading through 2001-2003 bear market and making money? i do what suits me and personally trendlines imo are a bunch of rubbish, despite what the books say. change the timeframe on a chart or even look at weekly charts and the trend lines will change. which one do you use? very ambiguous imo. i look at price action of previous ranges to "predict" future targets. of course new ranges can appear which can make me revise targets. THX long term chart is unaffected.

 

VRE looking the goods too.

 

you are still young and have lots to learn. any fool can make money in this market....

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In reply to: Jay on Thursday 14/06/07 11:02am

QUOTE
you are still young and have lots to learn. any fool can make money in this market....

 

Too true.

 

Congrats on 9 years of profitable investing/trading full time.

 

Im far from your level, apologies for any disrespect.

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